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Alternative Equity Focus
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|
NAVPS (11-22-2024) |
$13.28 |
|---|---|
| Change |
$0.01
(0.08%)
|
As at October 31, 2024
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Inception Return (January 17, 2019): 8.24%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.15% | 0.68% | 2.23% | 3.50% | 4.72% | 3.61% | 2.65% | 8.24% | 9.17% | - | - | - | - | - |
| Benchmark | 0.85% | 5.30% | 12.95% | 18.24% | 32.06% | 15.16% | 8.05% | 15.02% | 11.33% | 11.65% | 9.36% | 9.62% | 9.96% | 8.41% |
| Category Average | 0.53% | 2.54% | 7.82% | 15.42% | 23.82% | 9.82% | 5.63% | 10.04% | 7.83% | - | - | - | - | - |
| Category Rank | 156 / 210 | 163 / 205 | 153 / 190 | 136 / 166 | 140 / 165 | 107 / 145 | 99 / 122 | 58 / 95 | 26 / 60 | - | - | - | - | - |
| Quartile Ranking | 3 | 4 | 4 | 4 | 4 | 3 | 4 | 3 | 2 | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.48% | 0.70% | 0.34% | 0.50% | 0.53% | -0.13% | 0.70% | 0.15% | 0.68% | 0.27% | 0.26% | 0.15% |
| Benchmark | 7.48% | 3.91% | 0.55% | 1.82% | 4.14% | -1.82% | 2.77% | -1.42% | 5.87% | 1.22% | 3.15% | 0.85% |
10.30% (December 2020)
-5.66% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 32.75% | 6.54% | 0.69% | 3.37% |
| Benchmark | 10.55% | -8.32% | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% |
| Category Average | - | - | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% |
| Quartile Ranking | - | - | - | - | - | - | 1 | 4 | 1 | 3 |
| Category Rank | - | - | - | - | - | - | 9/ 60 | 80/ 97 | 30/ 123 | 108/ 150 |
32.75% (2020)
0.69% (2022)
Picton Mahoney Fortified Arbitrage Plus Alternative Fund Class A
Median
Other - Alternative Equity Focus
| Standard Deviation | 2.26% | 8.76% | - |
|---|---|---|---|
| Beta | 0.06% | 0.22% | - |
| Alpha | 0.02% | 0.07% | - |
| Rsquared | 0.14% | 0.15% | - |
| Sharpe | -0.36% | 0.79% | - |
| Sortino | -0.21% | 1.50% | - |
| Treynor | -0.13% | 0.32% | - |
| Tax Efficiency | 81.24% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.89% | 2.26% | 8.76% | - |
| Beta | 0.07% | 0.06% | 0.22% | - |
| Alpha | 0.03% | 0.02% | 0.07% | - |
| Rsquared | 0.56% | 0.14% | 0.15% | - |
| Sharpe | -0.01% | -0.36% | 0.79% | - |
| Sortino | 4.04% | -0.21% | 1.50% | - |
| Treynor | 0.00% | -0.13% | 0.32% | - |
| Tax Efficiency | 100.00% | 81.24% | - | - |
| Start Date | January 17, 2019 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $854 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3900 |
The fundamental investment objective of the Picton Mahoney Fortified Arbitrage Plus Alternative Fund (the “Fund”) is to generate consistent, positive returns, with lower volatility and low correlation to equity markets by providing levered exposure to the Picton Mahoney Fortified Arbitrage Alternative Fund (the “Other Fund”).
To achieve its investment objective, the Manager intends to invest in units of the Other Fund, enter into derivative contracts that are intended to replicate the return of the Other Fund (less the implicit funding cost), and/or use the same investment strategies as the Other Fund (investing directly in arbitrage situations). As a result of these investment activities, the Manager intends for the Fund to gain 200% exposure to the Other Fund, net of borrowing and/or dealer costs.
| Name | Start Date |
|---|---|
| Picton Mahoney Asset Management | 04-20-2022 |
| Fund Manager | Picton Mahoney Asset Management |
|---|---|
| Advisor | Picton Mahoney Asset Management |
| Custodian | RBC Investor Services Trust (Canada) |
| Registrar | - |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 3.95% |
|---|---|
| Management Fee | 2.00% |
| Load | Back Fee Only |
| FE Max | 2.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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